Exploring the Canara Gold Credit Card Benefits and Charges

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

15 Jun 26
3 mins

Sandipan Mitra

08 Mins
15-06-26

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Table of Contents

Canara Bank Gold Credit Card Benefits
Canara Bank Global Gold Credit Card Charges

Get 2 reward points on every ₹100 of daily spending.
Credit limit can go up to ₹25 lakh.
Fraudulent charge cover available up to ₹5 lakh.
Air accident cover offers ₹8 lakh protection.
Forex transactions attract a 3% markup fee.

The Canara Gold Credit Card is available on Visa and Mastercard networks, with secured variants also offered against deposits.

This card provides global acceptance and 2 reward points on everyday spending of ₹100. Cardholders can also earn cashback on expenses such as groceries, fuel and bill payments.

With no joining or annual fee, the card also offers flexible credit limits and emergency card replacement support for convenient usage.

Canara Bank Gold Credit Card Benefits

The Canara Gold Credit Card offers flexible usage across ATM, POS and online transactions with domestic and international acceptance. Cardholders also enjoy up to 50 days of interest-free credit, along with several additional benefits.

Travel Offers: It is currently offering seasonal GoIbibo discounts, including 12% on domestic flights, 15% on hotels, 9% on bus bookings and 10% on outstation cabs.
Insurance and Protection Cover: The card provides ₹5 lakh fraudulent charge cover, along with baggage insurance and purchase protection up to ₹25,000 each.
EMI and Credit Flexibility: Large purchases can be converted into EMIs through the Canara ai1 app. Interest rates range between 13-14% per year, with a processing charge between ₹100 and ₹200 depending on the transaction amount.

Canara Bank Global Gold Credit Card Charges

After the interest-free period, secured credit cards attract 2.50% interest per month (30% annually) on the outstanding balance.

The table below outlines the other key charges applicable to the Canara Gold Credit Card.

Parameters	Charges
Cash Withdrawal Fee	₹30 on every ₹1000 withdrawn
Card Replacement Charges	₹300
Cheque Dishonour Charges	₹50
Card Inactivity Fee	₹150
Late Payment Fine	₹250+GST

💡Avoid extra costs such as late payment charges by clearing your credit card bill on time. Use the Pice App to check due dates, set reminders and pay your credit card bills quickly from one secure platform. You can also track your payment status on the app.

Footnotes:

Cardholders receive accident insurance benefits that include ₹8 lakh air accident cover for the cardholder and ₹4 lakh for the spouse.
International transactions attract a 3% forex markup fee.
A card inactivity fee may apply if the total annual spending on the card remains below ₹25,000 during the card year.
The late payment fee is applied along with GST and finance charges of 2.5% per month on any unpaid outstanding balance.

FAQs

What is the Canara Gold Credit Card limit and eligibility?

Applicants must have an independent annual income of at least ₹3 lakh to qualify. The Canara Bank Gold Credit Card limit can go up to ₹25 lakh, while the secured variant allows up to 75% of the fixed deposit value, with a minimum limit of ₹25,000.

Does the Canara Bank Gold Card offer a fuel surcharge benefit?

Fuel transactions attract a 1% surcharge with a minimum fee of ₹10 plus taxes. However, up to ₹100 per billing cycle may be reimbursed if monthly purchases exceed ₹2,500 and each fuel transaction is ₹400 or more.

What happens if EMI payments are missed on the card?

If EMI payments remain unpaid for more than 3 consecutive months, the bank may close the facility. The remaining amount, along with any applicable charges, will be added to the card balance and may attract finance charges.